Sunday February 16, 2020

Greek stability fund provides €18bn bank capital boost

The Hellenic Financial Stability Fund disbursed €18 billion to Greece’s four biggest banks as part of a recapitalisation plan that may enable the lenders to return to the ECB for funding.

28th May, 2012
A recapitalisation plan may enable Greek lenders to return to the European Central Bank for funding.

The Hellenic Financial Stability Fund disbursed €18 billion to Greece’s four biggest banks as part of a recapitalisation plan that may enable the lenders to return to the European Central Bank for funding.

The funds were paid today, Panayotis Thomopoulos, head of the fund, said in a phone interview. The banks will receive bonds issued by the European Financial Stability Facility, which approved the transfer last week.

National Bank of Greece SA, EFG...

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